15 biggest overseas acquisitions by Indian companies

15 biggest overseas acquisitions by Indian companies

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Big-ticket acquisitions by Indian companies are back. After massive deals in 2007-08, corporates are once again scouting for opportunities overseas in a big way.

On Monday ONGC announced it will pay $5 billion to buy 8.4 per cent stake in Kazakhstan's Kashagan oilfield owned by a consortium of six global oil majors. It includes ConocoPhillips, Italy's Eni, ExxonMobil, Inpex Corp of Japan, Royal Dutch Shell, and France's Total.

Earlier in the week, there were reports that said Mahindra and Mahindra will buy 50 per cent stake in iconic British carmaker Aston Martin. Though the deal size is not yet known, reports estimate that it would be around $400 million.

Tata Group's Indian Hotels is still pursuing Orient-Express. According to recent reports, Tatas may increase their $1.86 billion buyout offer, after facing a rejection by the US-listed company.

In the first week of November Sun Pharmaceutical Industries went for US-based DUSA pharmaceuticals, a company focused on dermatology. The deal size is pegged at $230 million.

While the investors wait for outcome of Mahindra & Mahindra's, ONGC's and Tata's bids, here are 15 biggest acquisitions Indian companies have made overseas, according to data compiled by Dealogic.